There has been a fluctuation in the average time taken for CLIFFORD CHANCE LONDON LIMITED to pay invoices over the past three periods. The average time has increased from 28 days in 2017-2018 to 40 days in 2020-2023. However, there was a slight decrease in 2021-2022 with an average time of 25 days.
The volatility in the percentage of invoices paid within 30 days has been relatively stable over the past three periods, ranging from 53% to 71%. However, there has been an increase in the percentage of invoices paid later than 60 days, with the highest being 12% in 2020-2023.
Overall, there has been an increase in the average time taken for CLIFFORD CHANCE LONDON LIMITED to pay invoices over the past three periods. The percentage of invoices paid within 30 days has remained relatively stable, while there has been a slight increase in the percentage of invoices paid later than 60 days. The company has consistently had a standard payment period of 45 days.
| Reporting Period | Filing Date | Average Time to Pay (days) | Paid within 30 days | Paid 31-60 days | Paid after 60 days | Not Paid within Terms |
|---|---|---|---|---|---|---|
| 01 Nov 2024 - 30 Apr 2025 | 29 May 2025 | 31 | 56% | 35% | 9% | 9% |
| 01 May 2024 - 31 Oct 2024 | 28 Nov 2024 | 30 | 58% | 35% | 7% | 7% |
| 01 Nov 2023 - 30 Apr 2024 | 30 May 2024 | 30 | 62% | 30% | 8% | 8% |
| 01 May 2023 - 31 Oct 2023 | 27 Nov 2023 | 40 | 57% | 31% | 12% | 12% |
| 01 Nov 2022 - 30 Apr 2023 | 26 May 2023 | 34 | 55% | 37% | 8% | 8% |
| 01 May 2022 - 31 Oct 2022 | 24 Nov 2022 | 25 | 66% | 29% | 5% | 5% |
| 01 Nov 2021 - 30 Apr 2022 | 27 May 2022 | 28 | 57% | 38% | 5% | 5% |
| 01 May 2021 - 31 Oct 2021 | 26 Nov 2021 | 32 | 59% | 33% | 8% | 8% |
| 01 Nov 2020 - 30 Apr 2021 | 27 May 2021 | 36 | 51% | 39% | 10% | 14% |
| 01 May 2020 - 31 Oct 2020 | 19 Nov 2020 | 35 | 47% | 41% | 12% | 16% |
| 01 Nov 2019 - 30 Apr 2020 | 29 May 2020 | 27 | 57% | 39% | 4% | 8% |
| 01 May 2019 - 31 Oct 2019 | 28 Nov 2019 | 29 | 53% | 40% | 8% | 10% |
| 01 Nov 2018 - 30 Apr 2019 | 22 May 2019 | 23 | 68% | 26% | 6% | 7% |
| 01 May 2018 - 31 Oct 2018 | 28 Nov 2018 | 24 | 62% | 34% | 4% | 9% |
| 01 Nov 2017 - 30 Apr 2018 | 22 May 2018 | 22 | 71% | 25% | 4% | 6% |
| 01 May 2017 - 31 Oct 2017 | 29 Nov 2017 | 28 | 61% | 29% | 10% | 14% |
This information is as reported by the business, and responses are in their own words.
Standard payment terms
45 Days
Were there any changes to the standard payment terms in the reporting period?
No information available
Any other information about payment terms
No additional information
Maximum contractual payment period agreed
90
Contracts are managed by P2P team and any disputes are resolved as per contract terms with the help of Legal team.
Has this business signed up to a code of conduct or standards on payment practices?
For example, signatories to The Prompt Payment Code must commit to paying 95% of their invoices within 60 days.
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Does this business offer e-invoicing in relation to qualifying contracts?
This is where suppliers can electronically submit and track invoices. It's not just allowing suppliers to email them an invoice.
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Does this business offer supply chain finance?
This is where a supplier who has submitted an invoice can be paid by a third-party finance provider earlier than the agreed payment date. The business would then pay the finance provider the invoiced sum.
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Under its payment practices and policies, can this business deduct sums from payments under qualifying contracts as a charge for remaining on a supplier list?
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During the reporting period, did the business deduct sums from payments as a charge for remaining on a supplier list?
No information available
CLIFFORD CHANCE LONDON LIMITED is a renowned law firm based in London, providing top-notch legal services to clients in various sectors. The company has a strong focus on sustainability and has implemented several initiatives to reduce its environmental impact.
Their sustainability program includes measures such as promoting energy efficiency, reducing waste and carbon emissions, and using sustainable resources in their operations. They also actively support and participate in various community and charity initiatives.
The company offers a wide range of legal services in areas such as corporate law, finance, dispute resolution, and intellectual property. They have a team of highly skilled and experienced lawyers who are recognized for their expertise and professionalism.
Some key people in the company include Matthew Layton, the Global Managing Partner, and Malcolm Sweeting, the Senior Partner. They are supported by a team of partners and associates who work together to provide exceptional legal services to their clients.
Their website address is www.cliffordchance.com and their registered office address is 10 Upper Bank Street, London, E14 5JJ. Clients can contact them through their website or by phone at +44 20 7006 1000 for any inquiries or legal assistance.
In summary, CLIFFORD CHANCE LONDON LIMITED is a leading law firm with a strong commitment to sustainability, offering a wide range of legal services with a team of highly skilled professionals. Their dedication to providing top-quality services has earned them a reputable name in the legal industry.